TSE:FTS

Fortis Inc. (FTS.TO)

78.67
+0.86 (1.11%)
as of Jun 10, 2026, 4:32:00 pm Market Open.
1463 watching
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Investor Insights
star iconJun 10, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Fortis Inc. (FTS-T) is recognized as one of the largest regulated gas and electric utilities in North America, with a solid reputation for reliability and long-term income generation. The company's Q4 earnings surpassed expectations by approximately 6%, with a notable year-on-year revenue increase of 11%. Fortis is embarking on an ambitious $26 billion capital plan through 2029, aiming for a compounding growth rate base of 6.5%. Its dividend yield of around 3.5% has consistently seen annual growth, making it a credible option for income-focused investors. However, some experts view it more as a bond proxy with limited growth potential, favoring alternative investments with better diversification or growth prospects.

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Consensus
Hold
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Valuation
Fair Value
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Similar
BIP.UN
DON'T BUY
Hasn't liked utilities for some time. Given the weakness in interest rates, the stocks have done very well, but he has difficulty in paying 18X or 19X earnings for a yield.
TOP PICK
One of the best utility managements in Canada. Has the feeling that they are just about set to roll again. Yield of 3.5% is not bad.
BUY
Nice defensive name with a decent dividend yield. Trades at reasonable earnings. Can be somewhat illiquid. Well diversified.
TOP PICK
3.1% yield. A very seasonal business. An excellent long term play on western Canadian resource strength. Great management.
BUY
This is a great time to be looking at utilities in general. They don't have a lot of growth, but are sensitive to interest rate movements. US is starting to lower interest rates.
BUY
He owns it and has been adding to it. Hold if you own. The company has been adding more assets in the west and he believes there will be more growth. 3.1% yield. This is a buying opportunity.
DON'T BUY
Has always thought that for a utility company it is quite expensive at 20X earnings. Doesn't really grow at 20%, so she doesn't see the point of owning it.
PAST TOP PICK
(A Top Pick Sept 5/06. Up 1.5%.) Canada's growth utility stock. The theme was yield and this paid 3.3%. Made a good acquisition, which will lead to accretive earnings. Good growth potential.
HOLD
A long-term hold. Was bid up to a very high level at the beginning of the year but is now coming down to a more reasonable price.
BUY
Interest-rate sensitive, so the stock has been dropping. Good stock for long-term investors. Dividend increase has been very strong.
BUY
Highly recommend it. One of the best names in the Canadian landscapes, and he thinks it's a buy.
DON'T BUY
It's a great company, but doesn't feel you should pay the current price ratios for it.
BUY
Canada's growth utility. Has grown across the country, into the Caribbean and also into the US. Had to issue a lot of stock to pay for their acquisitions and it takes the market time to churn through it. Should have good upside from here.
DON'T BUY
The model price has moved up quite a bit, but is still only $26.38, a negative 6%.
PAST TOP PICK
(A Top Pick May 30/06. Up 16.2%.) Has a nice yield, less than other utilities, but this is Canada's growth utility.
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